Unique Channel Margins Per Recipe
Posted on December 15, 2016 by Lev
The Margins Feature
When we added margins as a feature to product costing on ReciPal, we set it up so that they would update across all recipes. That meant if you updated the distributor margin for one recipe, the margin would be saved across all your recipes. Since most companies use the same distributor for their products, it was reasonable to assume the same margins across all your products and keep everything simple.
The New Margin Settings
But in reality you might sell one product via one channel, and other products via entirely different (or more expensive) channels. Maybe one retailer buys a premium product and has a 50% margin, while your main retailers use a standard 40% margin for the rest of your products. So now you have the option to keep margins separate and better price each product with the proper margins built in.
The default is still for margins to update in all your recipes, but you can opt out in any individual recipe so that the margins you set in it won't update other recipes. And it also won't be updated when you make changes somewhere else. Just uncheck the "Use same margins across recipes" box on the costing page, and that recipe will be taken out of the pool that gets updated with all the other recipes.
We hope this feature gives you a little more flexibility and allows you to set more accurate pricing for your different products and sales channels. We'd love to know what you think, so tell us in the comments below!
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